Episode 16. Frankly Speaking Podcast Series: Special Focus on the Russian invasion of Ukraine
16 June 2022: In Episode 16 of Friends of Europe’s Frankly Speaking Podcast’s special on the war in Ukraine, host Tracey D’Afters is joined by our Senior Fellow for Peace, Security and Defence, Paul Taylor and guest speaker Elena Daly, Independent Expert for Sovereign Debt. We discuss why Western sanctions may prevent Russia from using global financial systems to service its sovereign debt, and what impact that may have. If Russia cannot pay it would result in the first major default on foreign debt since the Bolshevik revolution over a century ago. And with the Ukraine economy suffering, how will their creditworthiness fare, and what should the West do to support it? Tune in to find out what our speakers have to say.